Monday, August 24, 2009
A PUBLIC OPTION
Something rather remarkable happened on last Tuesday's Morning Joe. Rep. Anthony Weiner of New York pointed out that the health insurance industry has no clothes, and Joe Scarborough, after first trying to spin it some gossamer threads, broke down and said, By God, you're right, this emperor is a naked money-making machine!
Well, he didn't use those exact words, but Joe did seem to finally get that America has granted insurance companies the right to create bottlenecks in the financing of healthcare in order to extract profits out of the suffering of ordinary people--without providing any actual healthcare whatsoever.
"Why are we paying profits for insurance companies?" Weiner asked Scarborough. "Why are we paying overhead for insurance companies? Why," he asked, bringing it all home, "are we paying for their TV commercials?"
What is an insurance company? They don't do a single check-up. They don't do a single exam, they don't perform an operation. Medicare has a 4 percent overhead rate. The real question is why do we have a private plan?